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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.

Amtrust Direct Online Banking

Rate This Bank : 1 Stars 2 Stars 3 Stars 4 Stars 5 Stars 2.57  (23 User Voted)

AmTrust Direct Review

AmTrust Direct is an online bank that specializes in web-based CD accounts.

AmTrust Direct is an Internet bank whose parent bank, AmTrust, was headquartered in Cleveland, Ohio, until 2009. At that time, the Ohio bank went bankrupt and New York Community Bank took over its accounts. New York Community Bank was founded in 1859. Some NYCB branches throughout the nation retain the AmTrust name as does the online AmTrust Direct bank.

Online CDs

AmTrust Direct specializes in the online CD. This allows web customers a fast and easy method of opening a CD. It is possible to open a CD with this bank with a minimum of $1000. CD account periods can be as short as six months or as long as five years. An automatic CD renewal option is available. Online banks typically have lower overhead costs and can offer a higher interest rates than brick-and-mortar institutions.

Other accounts

Although this bank specializes in CDs, it does also offer other types of accounts including an online money market account and an online savings account. The bank allows easy transfer of funds between accounts for people who wish to open a CD using the money in their online savings account. AmTrust does not offer a checking account.

Deposit insurance

AmTrust Direct deposits are FDIC-insured to a maximum of $250,000 per depositor.

  • Account Type
  • APY
  • Adverstiser Comments
  • Money Market
  • 0.10%
    Min to Earn APY: $1
  • Earn More Money Market Account - Rate earned on balances up to $4999.99- new money only.
  • CD Rates
  • 12 Month CD.
  • Term
  • APY
  • Min. To Earn APY
  • Compounding Method
  •  
    • 1 year
    • 1.05%
    • $0
    • Compounding Daily
Required parameter not set.

Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program. UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.